25 U.S.C. § 2510

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 2510 - The tribally controlled grant school endowment program

(a) In general

(1) Establishment

Each school receiving a grant under this chapter may establish, at a federally insured financial institution, a trust fund for the purposes of this section.

(2) Deposits and use

The school may provide-

(A) for deposit into the trust fund, only funds from non-Federal sources, except that the interest on funds received from grants provided under this chapter may be used for that purpose;

(B) for deposit into the trust fund, any earnings on funds deposited in the fund; and

(C) for the sole use of the school any noncash, in-kind contributions of real or personal property, which may at any time be used, sold, or otherwise disposed of.

(b) Interest

Interest from the fund established under subsection (a) may periodically be withdrawn and used, at the discretion of the school, to defray any expenses associated with the operation of the school consistent with the purposes of this Act.¹

¹ See References in Text note below.

25 U.S.C. § 2510

Pub. L. 100-297, title V, §5211, as added Pub. L. 107-110, title X, §10431043,, 115 Stat. 2078.

EDITORIAL NOTES

REFERENCES IN TEXTThis Act, referred to in subsec. (b), is Pub. L. 100-297 and probably should be "this part", meaning part B of title V of Pub. L. 100-297 known as the Tribally Controlled Schools Act of 1988, which is classified generally to this chapter. For complete classification of part B to the Code, see Short Title note set out under section 2501 of this title and Tables.

PRIOR PROVISIONSA prior section 2510, Pub. L. 100-297, title V, §5211, Apr. 28, 1988, 102 Stat. 394, related to regulations, prior to repeal by Pub. L. 107-110, title X, §10431043,, 115 Stat. 2063. See section 2509 of this title.

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATESection effective Jan. 8, 2002, except with respect to certain noncompetitive programs and competitive programs, see section 5 of Pub. L. 107-110 set out as a note under section 6301 of Title 20, Education.